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BlockBeats News, June 29th, JPMorgan Chase stated that, based on its conversations with clients and market participants, institutional demand for perpetual futures remains limited. Such products are more often seen as speculative trading tools rather than alternatives to traditional derivatives. The report noted that although perpetual futures support 7x24 trading and eliminate the cost of rolling futures contracts, the majority of trading comes from traders seeking leveraged directional exposure rather than institutions with genuine hedging needs. Furthermore, the report suggests that factors such as basis risk, lack of term structure, inadequate physical delivery, and the lack of traditional clearing guarantees in on-chain products have all hindered institutional adoption. (CoinDesk)

On June 29, a certain exchange issued a statement, stating that it currently only serves institutional clients and has not launched any official app for the public. Any app, installation package, QR code, link, or third-party application claiming to be officially released by the exchange and requiring users to download is not officially issued by the exchange.

According to DataCenterDynamics, Hive Digital Technologies plans to issue zero-coupon convertible senior notes due 2031 to raise 100 million US dollars. The company has signed a letter of intent with a Swedish sovereign technology enterprise to lease 30MW of computing power resources, deploy 25MW of IT computing capacity, and 10,000 Nvidia GB300 GPUs.